"Half of all business income in the United States now ends up going through the individual tax code," Edwards said.

I added that last bit of the story to present a reasonable condition to the headline, but also to rebut it, slightly.

It's true that many corporations are so-called "individual corporations", LLCs and S-Corporations where the income is essentially passed thru to the shareholders for tax purposes.

The problem, one the Cato Institute fails to note, is the compliance with this when filing tax forms.

The IRS estimates that roughly $300 billion in undeclared income just vanishes somewhere between the corporations' books and the shareholders' tax returns each year.

At a 35% tax bracket, that ain't small potatoes, taxwise!

Too, where Cato makes it appear that this problem is almost solely a function of the tax liabilty shifted to the individual business owner, in truth, the GAO report shows that "about 25 percent of the U.S. corporations not paying corporate taxes were considered large corporations, meaning they had at least $250 million in assets or $50 million in receipts."

That's each, not collectively. When you are talking about trillions in revenues, $50 million is a small piece, so this is not an insignificant number of tax evaders.

In plain English, what does this mean?

It means that the entities-- people and corporations-- that beneift most from the bounty of resources of this great nation, its people, land, and other natural resources, are not giving back in a commensurate fashion as payment for these resources.

In other words, they are stealing our country out from under us, and either refusing to pony up reparations or are off-shoring your tax dollars in their Cayman Island bank accounts!

John McCain would encourage this by extending Bush's tax cuts and specifically, his capital gains, estate and dividend tax breaks that benefit the richest one percent of this nation far more than Barack Obama's middle class tax cut would benefit the middle classes of America.

And the middle class outnumbers the wealthy, but make that case and you're declaring class warfare.

I think it's about time we did just that. After all, class warfare has already been declared on the middle class!

"Liberals got women the right to vote. Liberals got African-Americans the right to vote. Liberals created Social Security and lifted millions of elderly people out of poverty. Liberals ended segregation. Liberals passed the Civil Rights Act, the Voting Rights Act. Liberals created Medicare. Liberals passed the Clean Air Act, the Clean Water Act. What did Conservatives do? They opposed them on every one of those things...every one! So when you try to hurl that label at my feet, 'Liberal,' as if it were something to be ashamed of, something dirty, something to run away from, it won't work, Senator, because I will pick up that label and I will wear it as a badge of honor." -- Matt Santos, The West Wing